[Federal Register Volume 82, Number 12 (Thursday, January 19, 2017)]
[Notices]
[Page 6484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-01071]
[[Page 6484]]
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DEPARTMENT OF AGRICULTURE
Farm Service Agency
Information Collection Request; Direct Loan Servicing--Regular
AGENCY: Farm Service Agency, USDA.
ACTION: Notice; request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the
Farm Service Agency (FSA) is requesting comments from all interested
individuals and organizations on an extension with a revision of a
currently approved information collection that supports Direct Loan
Servicing-Regular programs. The information is used to determine
borrower compliance with loan agreements, assist the borrower in
achieving business goals, and regular servicing of the loan account
such as graduation, subordination, partial release, and use of
proceeds.
DATES: We will consider comments that we receive by March 20, 2017.
ADDRESSES: We invite you to submit comments on this notice. In your
comments, include date, volume, and page number, and the OMB control
number and the title of the information collection of this issue of the
Federal Register. You may submit comments by any of the following
methods:
Federal eRulemaking Portal: Go to: www.regulations.gov.
Follow the online instructions for submitting comments.
Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP
0523, 1400 Independence Avenue SW., Washington, DC 20250-0503.
You may also send comments to the Desk Officer for Agriculture,
Office of Information and Regulatory Affairs, Office of Management and
Budget, Washington, DC 20503. Copies of the information collection may
be requested by contacting J. Lee Nault at the above address.
FOR FURTHER INFORMATION CONTACT: J. Lee Nault, (202) 720-6834.
SUPPLEMENTARY INFORMATION:
Title: (7 CFR part 765) Farm Loan Programs--Direct Loan Servicing--
Regular.
OMB Number: 0560-0236.
Expiration Date: 05/31/2017.
Type of Request: Extension with a revision.
Abstract: FSA's Farm Loan Programs provide loans to family farmers
to purchase real estate and equipment, and finance agricultural
production. Direct Loan Servicing--Regular, as specified in 7 CFR part
765, provides the requirements related to routine servicing actions
associated with direct loans. FSA is required to actively supervise its
borrowers and provide credit counseling, management advice and
financial guidance. Additionally, FSA must document that credit is not
available to the borrower from commercial credit sources in order to
maintain eligibility for assistance. Information collections
established in the regulation are necessary for FSA to monitor and
account for loan security, including proceeds derived from the sale of
security, and to process a borrower's request for subordination or
partial release of security. Borrowers are required to provide
financial information to determine graduation eligibility based on
commercial lender standards provided to FSA.
FSA is requesting OMB approval on the estimated numbers, which are
being provided currently in this request. The burden hours have been
increased by 5,968 hours while the annual responses have reduced by
6,531.
For the following estimated total annual burden on respondents, the
formula used to calculate the total burden hours is the estimated
average time per responses multiplied by the estimated total annual of
responses.
Estimate of Average Time to Respond: Public reporting burden for
collecting information under this notice is estimated to average
0.84752 minutes per response, including the time for reviewing
instructions, searching existing data sources, gathering and
maintaining the data needed, and completing and reviewing the
collection of information. The average travel time, which is included
in the total annual burden, is estimated to be 1 hour per respondent.
Type of Respondents: Business or other for profits and farms.
Estimated Number of Respondents: 54,524.
Estimated Average Number of Responses per Respondent: 1.78621.
Estimated Total Annual Responses: 97,391.
Estimated Average Time per Response: 0.84752.
Estimated Total Annual Burden on Respondents: 82,541 hours.
We are requesting comments on all aspects of this information
collection to help us to:
(1) Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
(2) Evaluate the accuracy of the agency's estimate of burden of the
collection of information including the validity of the methodology and
assumptions used;
(3) Evaluate the quality, utility and clarity of the information
technology; and
(4) Minimize the burden of the information collection on those who
respond through the use of appropriate automated, electronic,
mechanical, or other technological collection techniques or other forms
of information technology.
All comments received in response to this notice, including names
and addresses where provided, will be made a matter of public record.
Comments will be summarized and included in the request for OMB
approval.
Val Dolcini,
Administrator, Farm Service Agency.
[FR Doc. 2017-01071 Filed 1-18-17; 8:45 am]
BILLING CODE 3410-05-P